Dynamic trader trading system explained ... immediate help needed to develope fomulla
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Re: Dynamic trader trading system explained ... immediate help needed to develope fom
right now the afl will buy when High TF sk is above sd and are less than 70 and at this time low tf sk crosses above sd (whereever it may be above or below 70 or 30).
short when high tf sd is greater than 30 and low tf sd crosses sk downwards.
but reading through the thread I figure that later on u have mentioned high tf to be below 30 for buy and greater than 70 for short. I understand the overbought / oversold funda, and believe this will be more reliable. but since this is your strategy, I want to ask you before changing. pls confirm
right now the afl will buy when High TF sk is above sd and are less than 70 and at this time low tf sk crosses above sd (whereever it may be above or below 70 or 30).
short when high tf sd is greater than 30 and low tf sd crosses sk downwards.
but reading through the thread I figure that later on u have mentioned high tf to be below 30 for buy and greater than 70 for short. I understand the overbought / oversold funda, and believe this will be more reliable. but since this is your strategy, I want to ask you before changing. pls confirm
Re: Dynamic trader trading system explained ... immediate help needed to develope fom
abu, your quote:
if the price makes a higher low and the oscillator goes to oversold so most probably the price will brake the previous high
if the price makes a lower low and the oscillator makes a higher high then most probably the rebound gone happen in that area
unquote
pls advise in which TF shud the oscillator be in overbought/oversold region, both or only the higher TF
vinod
abu, your quote:
if the price makes a higher low and the oscillator goes to oversold so most probably the price will brake the previous high
if the price makes a lower low and the oscillator makes a higher high then most probably the rebound gone happen in that area
unquote
pls advise in which TF shud the oscillator be in overbought/oversold region, both or only the higher TF
vinod
Re: Dynamic trader trading system explained ... immediate help needed to develope fom
hey abu ....sorry yar for late reply......well i m thankfull to u on behalf of al members...since u sharing one of ur most trusted strtegy with all of us here......nd see i told u experts will help once they see the post.....nd u know wht...when it comes to writng afls.........the first name which comes in my mind......is VINOD sir name....he is alwaz there to help us..........so be assure...u will get ur afl... well I am folloing ur post since begining as u might seen...i m the first to reply u...i m not expert....so cant help u out much technicaly, but ya i will test the afl, will shre my views also....thats all i can do bro......cheers
hey abu ....sorry yar for late reply......well i m thankfull to u on behalf of al members...since u sharing one of ur most trusted strtegy with all of us here......nd see i told u experts will help once they see the post.....nd u know wht...when it comes to writng afls.........the first name which comes in my mind......is VINOD sir name....he is alwaz there to help us..........so be assure...u will get ur afl... well I am folloing ur post since begining as u might seen...i m the first to reply u...i m not expert....so cant help u out much technicaly, but ya i will test the afl, will shre my views also....thats all i can do bro......cheers
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Re: Dynamic trader trading system explained ... immediate help needed to develope fom
Hi venode
excellent work so far but we want to take it to perfection ...
therefore i have the following comments
this is a life chart with traders excuted on the system but marked by hand
can we mark the chart like that ?
i.e
at the green candle to have a line at the high with the high value for long entry and the stop loss at the low of the swing
also we want the candels when you put the mouse on to show the high - low -volume values
also for colloring the candels ... i hope we can color the bars according to higer time frame oscillator position also
i.e ...we have the green candle to represent entry and the red to represent exit ... but what is the position of the higer time frame oscillator at that entry ... you have to vesual check ... but if we can make the candle color at the one hour time frame as example change color to yellow or aqua or whatever you choise as long as the higer time frame oscillator is open that will be great ...
look at the two inclined line which shows the positive diversion between the price and the oscillator and the result after ...the price shoots up
for sure all of that in one frame which is one hour ... but the price shoots up beacsue the daily frame opened at that time
there is a difference between the entry price in the exploration and on the chart drown by your AFL as example you will see a green candle on the oscillator chart with entry 10.76 while it is in the exploration 10.80
the one trailing bar is not highlited on the chart to explain this
suppose the oscillator have a positive cross ..and the bar have been colored green the entry conditiones is enter when braking the high of that bar in the next candle the question is ...what if the next candle did not brake that high
the answer is as long as the oscillator is positive cross i wait for the candle that will brake the hig of the previous candle that will be my modified entry
as per your question for oversold and over bought
dynamic trader staratigy is best used when the higer time frame is in the over sold under 30 and lower time frame makes a positive cross
for sure this is reliable trade or high probability trade ... but
if you have a psoitive diversion on the lower time frame happend any where between 30 and seventy you can excute the trade ... does this answer your question ...? hope so
coming the the oscillator settings ... instade of adjusting every parameter we can use number one for 8-5-3-3 and number two for 13-8-5-5 and number three for 21-13-8-8 ...what do you think about that ?
as per your question
pls advise in which TF shud the oscillator be in overbought/oversold region, both or only the higher TF
the answer is ... on the higer time frame ...
i have posted an excell file with how i see the exploration to be effective to make descision and chose the right stock or currency for entry ... did you see it ?
if not i will post it again
Hi venode
excellent work so far but we want to take it to perfection ...
therefore i have the following comments
this is a life chart with traders excuted on the system but marked by hand
can we mark the chart like that ?
i.e
at the green candle to have a line at the high with the high value for long entry and the stop loss at the low of the swing
also we want the candels when you put the mouse on to show the high - low -volume values
also for colloring the candels ... i hope we can color the bars according to higer time frame oscillator position also
i.e ...we have the green candle to represent entry and the red to represent exit ... but what is the position of the higer time frame oscillator at that entry ... you have to vesual check ... but if we can make the candle color at the one hour time frame as example change color to yellow or aqua or whatever you choise as long as the higer time frame oscillator is open that will be great ...
look at the two inclined line which shows the positive diversion between the price and the oscillator and the result after ...the price shoots up
for sure all of that in one frame which is one hour ... but the price shoots up beacsue the daily frame opened at that time
there is a difference between the entry price in the exploration and on the chart drown by your AFL as example you will see a green candle on the oscillator chart with entry 10.76 while it is in the exploration 10.80
the one trailing bar is not highlited on the chart to explain this
suppose the oscillator have a positive cross ..and the bar have been colored green the entry conditiones is enter when braking the high of that bar in the next candle the question is ...what if the next candle did not brake that high
the answer is as long as the oscillator is positive cross i wait for the candle that will brake the hig of the previous candle that will be my modified entry
as per your question for oversold and over bought
dynamic trader staratigy is best used when the higer time frame is in the over sold under 30 and lower time frame makes a positive cross
for sure this is reliable trade or high probability trade ... but
if you have a psoitive diversion on the lower time frame happend any where between 30 and seventy you can excute the trade ... does this answer your question ...? hope so
coming the the oscillator settings ... instade of adjusting every parameter we can use number one for 8-5-3-3 and number two for 13-8-5-5 and number three for 21-13-8-8 ...what do you think about that ?
as per your question
pls advise in which TF shud the oscillator be in overbought/oversold region, both or only the higher TF
the answer is ... on the higer time frame ...
i have posted an excell file with how i see the exploration to be effective to make descision and chose the right stock or currency for entry ... did you see it ?
if not i will post it again
Re: Dynamic trader trading system explained ... immediate help needed to develope fom
This is what i got from the Afl. But Why Red candlestick, when close was a higher high?
https://sites.google.com/site/antigamblers/files/123.png?attredirects=0
This is what i got from the Afl. But Why Red candlestick, when close was a higher high?
https://sites.google.com/site/antigamblers/files/123.png?attredirects=0
Re: Dynamic trader trading system explained ... immediate help needed to develope fom
Hi Abu and all,
Attached pls find the improved afl, again under constant upgradation. pls note I have not gone through and incorporated the latest advise of Abu which will take some more time to implement. For the time being use the latest I am posting here.
Highlights of this one:
in parameters, I have parametrized the High time frame DT breach levels which can be user set.
also I have added toggle to show or hide the plots of dt, if required can be hidden so that the chart is more clear.
the bullish trigger candle will show bright green and the bullish entry candle will show dark green, likewise bearish trigger candle shows red while bearish entry candle will show dark red. Levels for entry trigger, stoploss etc is also plotted on chart.
in exploration it will give u entry as soon as buy or short is triggered.
i was not aware of the third timeframe which I will go through and try to incorporate.
check out this one and give feedback
regards
vinod
Hi Abu and all,
Attached pls find the improved afl, again under constant upgradation. pls note I have not gone through and incorporated the latest advise of Abu which will take some more time to implement. For the time being use the latest I am posting here.
Highlights of this one:
in parameters, I have parametrized the High time frame DT breach levels which can be user set.
also I have added toggle to show or hide the plots of dt, if required can be hidden so that the chart is more clear.
the bullish trigger candle will show bright green and the bullish entry candle will show dark green, likewise bearish trigger candle shows red while bearish entry candle will show dark red. Levels for entry trigger, stoploss etc is also plotted on chart.
in exploration it will give u entry as soon as buy or short is triggered.
i was not aware of the third timeframe which I will go through and try to incorporate.
check out this one and give feedback
regards
vinod
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Re: Dynamic trader trading system explained ... immediate help needed to develope fom
hi piash,
the red candle (trigger candle) forms when High TF DT K is less than d simultaneously low tf d crosses below low tf K and does not consider higher high or low at that juncture.
in this latest afl I posted the dark red and dark green candles will show breach of trigger candle high or low at which time only do we take position and not at the trigger candle.
hope this explains ur doubt. but do try the latest afl which is more friendly.
also note that we have just made the afl and is under constant improvement.
hi piash,
the red candle (trigger candle) forms when High TF DT K is less than d simultaneously low tf d crosses below low tf K and does not consider higher high or low at that juncture.
in this latest afl I posted the dark red and dark green candles will show breach of trigger candle high or low at which time only do we take position and not at the trigger candle.
hope this explains ur doubt. but do try the latest afl which is more friendly.
also note that we have just made the afl and is under constant improvement.
Re: Dynamic trader trading system explained ... immediate help needed to develope fom
Hi vendoe
went through the modified Afl
some comments
*** instade or writing buy entry above and buy stop below ... it will be nice to have a line at the high with the value of the high only to the right of that line so we save loots of writing on the chart ***
*** now for the very important part which is the stop loss part
you wrote the stop loss at the low of the candle ,,, actualy the correct thing is that the stop loss should be at the ( SWING LOW )
i will explain the fifference and why
if we take the low of the entry candle as a stop there is a possibility that the low gets brocken and you are stopped out of the trade ...
but if we take the stop as the Swing low ( by swing low i mean the immediate lowest low before the entry trigger candle ) ... this way you allow a space for the price to retrace leittle bit may be braking the low of the trigger candle but should never ever brake the low of the swing .... this way i make sure that i am not stopped out of the trade immediatly
therefore it is more wise trading if your stop loss will be at the lowest low before the entry trigger candle low .....
some time it happened that if i apply that rule and the lowest low is really far then i will difinitly use a neared stop loss because of the risk reward ratio for the trade which should exceed 2 ... 3 is better for sure ***
i have also noticed that the DT oscillator on the chart does not change position till TF 15 ...this means you had set it up to 15 Min ... but in the new modification we want to do the following if possible .... to have a choise in the parameter to show the corrsponding DT to that time frame i am using or the higer TF oscillator .... no matter waht time frame we use .... the higer time frame should be multiplied by 4
so if i am watching 7 minuts chart i can chosse from the paremeter to see dt oscillator for 7 minutes or for 4 times that frame ...ie 28 minutes *****
i hope i have made that point clear enouph for you dear so we can get it right ..
the rest of my comments as written above still stand
think about coloring a candle on the present time frame when the oscillator on the higer time frame make a positive cross or negative cross
this part will make your life easier trading in the same direction as the higer time frame
thanks so far for your efforts
and i assure you if you back test this strategy based on the rules i wrote you will see how valuable it is ... gold
Hi vendoe
went through the modified Afl
some comments
*** instade or writing buy entry above and buy stop below ... it will be nice to have a line at the high with the value of the high only to the right of that line so we save loots of writing on the chart ***
*** now for the very important part which is the stop loss part
you wrote the stop loss at the low of the candle ,,, actualy the correct thing is that the stop loss should be at the ( SWING LOW )
i will explain the fifference and why
if we take the low of the entry candle as a stop there is a possibility that the low gets brocken and you are stopped out of the trade ...
but if we take the stop as the Swing low ( by swing low i mean the immediate lowest low before the entry trigger candle ) ... this way you allow a space for the price to retrace leittle bit may be braking the low of the trigger candle but should never ever brake the low of the swing .... this way i make sure that i am not stopped out of the trade immediatly
therefore it is more wise trading if your stop loss will be at the lowest low before the entry trigger candle low .....
some time it happened that if i apply that rule and the lowest low is really far then i will difinitly use a neared stop loss because of the risk reward ratio for the trade which should exceed 2 ... 3 is better for sure ***
i have also noticed that the DT oscillator on the chart does not change position till TF 15 ...this means you had set it up to 15 Min ... but in the new modification we want to do the following if possible .... to have a choise in the parameter to show the corrsponding DT to that time frame i am using or the higer TF oscillator .... no matter waht time frame we use .... the higer time frame should be multiplied by 4
so if i am watching 7 minuts chart i can chosse from the paremeter to see dt oscillator for 7 minutes or for 4 times that frame ...ie 28 minutes *****
i hope i have made that point clear enouph for you dear so we can get it right ..
the rest of my comments as written above still stand
think about coloring a candle on the present time frame when the oscillator on the higer time frame make a positive cross or negative cross
this part will make your life easier trading in the same direction as the higer time frame
thanks so far for your efforts
and i assure you if you back test this strategy based on the rules i wrote you will see how valuable it is ... gold
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